God's Lake Resources Inc.
CNSX : GLR

God's Lake Resources Inc.

September 28, 2009 08:00 ET

God's Lake Resources Inc. Announces Appointment of New Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - Sept. 28, 2009) - God's Lake Resources Inc. (CNSX:GLR) is pleased to announce that it has appointed Jacqueline Lilley as Chief Financial Officer. Jacqueline Lilley is a Certified General Accountant with experience in the resource sector. She replaces Dennis H. Peterson who acted as Chief Financial Officer of God's Lake during the listing of God's Lake on the Canadian National Stock Exchange.

God's Lake is in the process of completing a systematic review and re-interpretation of historical data on the Sherman Lake Gold Project (the "Project"). Further announcements will be made on the status of this work.

The Sherman Lake area is located 410 km north of Red Lake, Ontario. The Project consists of one block of 16 leased claims. Prospecting in 1935 led to the discovery of the Project. Follow-up trenching and drilling in 1936 identified two separate high-grade gold bearing quartz veins. The Project went into production in 1938 and produced 52,560 oz. of gold from 46,457 tons of ore (average grade 1.13 oz/ton) over its 4-year lifetime. Due to difficulties in identifying new ore zones, the mine was closed in 1941. Intermittent exploration efforts over the years by various groups in the immediate and surrounding area of the Project generated erratic results. However, work in the late 1990's identified several top priority exploration targets near the old mine workings. These targets remain untested to this day. It is the plan of God's Lake to investigate these targets and develop new targets through a systematic review and re-interpretation of historical data with the employment of modern exploration techniques.

God's Lake has 8,232,888 common shares issued and outstanding and 5,110,000 shares subject to issuance. The qualified person under National Instrument 43-101 responsible for all technical data reported in this news release is Mr. Warren Hawkins, P.Eng.

CAUTIONARY STATEMENT

This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of God's Lake, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from God's Lake's expectations are exploration risks detailed herein and from time to time in the filings made by God's Lake with securities regulators.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • God's Lake Resources Inc.
    Mark B. Cairns
    President & Chief Executive Officer
    416-364-2240 x221
    mcairns@edevinc.com